Category: Debt Consolidation

TAMPA — Many consumers are once again finding themselves deep in debt and trying to figure out a way to dig out. “If they call us, that’s a good sign, because they are asking for help,” said Certified Debt Counselor Juan Menendez, with Clearpoint Credit Counseling Solutions in Tampa. Getting… Read more“Consumer Wise: Managing your debt”

Debt consolidation is combining several different types of unsecured debt – medical bills, credit cards, and other personal loans – and paying them off with one large loan. This leaves the borrower with one monthly payment at one interest rate. Usually, this new loan has a lower rate than the… Read more“Debt Consolidation Versus Debt Restructuring”

Going forward, Mehra said on MA side focus will again be limited to domestic MA activities. The ongoing banking reforms around debt consolidation and restructuring will further boost the deal activity through availability of debt for organic growth. Thus, internal accruals would finance inorganic growth.

Many online lenders have failed to detect the stacking of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters. The practice is proliferating in the sector led by LendingClub lc , OnDeck ondk and Prosper Marketplace because of many lenders hurried,… Read more“This Is the Latest Threat to Online Lenders”